Global Electronic Health Records Market report published by Accurize Market Research forecast that the global market is estimated to grow at a CAGR of 7.1% from 2017 – 2025. By geography, the Asia Pacific and North America are expected to grow at a CAGR of XX% and XX%, respectively, during the forecast period.

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Increasing adoption of EHR by government and insurance companies to drive the market

Encouraging adoption of EHR by government and insurance companies, growing need to maximize patient safety, need for digitalization and centralization in the healthcare sector, and rising adoption of big data are some of the factors boosting the growth of the global electronic health records market. Though, factors such as high initial cost, interoperability concerns, and lack of technical knowledge could restrain the market growth. Although, market expansion and growing public and private investments could offer numerous market prospects in the forecasted period.

Market Segmentation

The electronic health records market is split on the basis of delivery mode, end-user, and geography. Delivery mode is segmented into a client server-based and web-based/ cloud-based server. The end-user segment is bifurcated as a hospital, and ambulatory.

North America, Europe, Asia-Pacific and the Rest of the world (RoW) are the geographical segments of the market. North America is further bifurcated into countries namely; U.S., Canada, and Mexico. Europe covers countries like Russia, the U.K., Germany, France, Italy and the Rest of Europe. Asia-Pacific countries include China, India, Japan, South Korea and Rest of Asia Pacific. Rest of the World (RoW) covers South America, Africa, and the Middle East.

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"Web-based/ cloud-based accounted for the largest market share in the delivery mode segment", says Accurize

Web-based/cloud-based servers will dominate with the largest market share and fastest CAGR during the forecast period. Also, the hospital held the largest market share, while, ambulatory will attain the fastest CAGR in the end-user segment.

"North America dominated the global market with the highest market share over the forecast period", says Accurize

North America and Europe accounted for the majority of the market share with 45.7% and 26.1%, respectively, in 2017. In terms of growth, Asia-Pacific will attain the fastest CAGR during the forecast period, driven by, improving healthcare infrastructure, high adoption of advanced technologies, and government initiatives to encourage the adoption of EHR.

Top players in the market

Major companies operating in the market include Athenahealth, Inc., Medical Information Technology, Inc., GE Healthcare, Epic Systems Corporation, Allscripts Healthcare Solutions, Inc., NextGen Healthcare, AdvancedMD, Inc., Greenway Health, LLC, Cerner Corporation, and McKesson Corporation, among others.